Saving Automatically – Build Financial Confidence

Are you searching for the secret ingredient to saving success? You’re not alone. Many people struggle with saving, regardless of their income. True financial confidence comes not from the amount in your bank account, but from establishing sound financial practices and making the most of available resources.

Begin your journey to financial assurance by embracing automatic savings. Consistently setting aside a specific sum—be it $5, $10, or more—on a weekly or monthly basis empowers you with control over your finances. The key is the consistency of the action, not the amount.

Automatic saving is a universally effective strategy, and it’s simpler to start than you might think. Here are two straightforward approaches:

  1. Paycheck Allocation: Request your employer to divide your direct deposit across multiple accounts, ensuring one is exclusively for savings.
  2. Scheduled Transfers: Talk to a Member Service Representative to periodically move funds into your savings account. You can also setup automatic transfers in Online Banking!

For the first method, reach out to your employer’s payroll team to arrange a split deposit. Specify your desired savings amount per paycheck and follow their guidance.

If the second option appeals to you, inform your financial institution of the frequency and amount for the automatic transfers to your savings account.

In addition to the automatic saving strategies, consider maximizing your savings with ACU’s Performance Saver Account. This high-yield savings account is tailored to help you reach specific financial milestones, whether it’s a dream vacation, a new car, or a down payment on a home. With competitive dividend rates and the convenience of contributing as little as $10 to start, and up to $5,000 monthly, it’s an ideal way to accelerate your savings. Plus, there are no monthly maintenance fees, and your deposits are federally insured up to $250,000. Embrace the ease of saving and watch your goals materialize with ACU’s Performance Saver Account.

Adopting any of these automated strategies will bolster your confidence in saving. Visualize the satisfaction of watching your savings grow steadily. Replace the doubt in your mind with the affirmation, “I am a regular saver!” and watch your financial confidence soar.




Investing & Budgeting, Lifestyle, Tips & Tricks

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